Machilipatnam (AP), Feb 12 (PTI) An assistant manager and a cashier of a cooperative bank were on Wednesday booked for a financial fraud involving an amount of Rs 1.54 crore in Andhra Pradeh's Krishna district, police said.

A case of cheating has been registered against Krishna District Co-operative Central Bank's assistant manager D Dharma Teja and cashier K Rambabu after the banks internal inquiry implicated them in the fraud, said Kodur sub inspector P Ramesh.

He said the two accused allegedly diverted Rs.1.54 from the deposits of the account holders.

A special team has been formed to investigate the financial fraud and no arrest has yet been made, Ramesh added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)